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Bobwins

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Bobwins

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Thursday, 09/20/2018 4:05:31 PM

Thursday, September 20, 2018 4:05:31 PM

Post# of 17741
Read today that Permian ngas is suffering severe price discounts to Henry Hub prices. Prices fell well below $1/mcf this week as California utilities have reached storage limits and will curtail purchases.

Permian ngas is facing pipeline constraints and will have trouble sending gas that was going to California anyplace else. New pipelines to relieve the problem aren't going to come online until late 2019 so this is going to hurt producers who have not hedged ngas production before now.

Most Permian producers are relying on oil to make money but ngas is a significant byproduct. Producers have to hope that Mexican utilities increase their imports and that this will be a cold winter.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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